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20110723
20110723
Search Results 0 to 4 of about 5 (some duplicates have been removed)
says that mr. obama wants big government, not a big economy. >> republicans have tried to persuade the president of the need for a course correction. but weeks of negotiations have shown that his commitment to big government is simply too great to lead to the kind of long-term reforms we need. >> question. when the negotiations started, president obama was looking for a big deal. $4 trillion in spending cuts and tax hikes. has the big deal turned into a big fizzle, pat buchanan? >> it has not, john. did it for awhile but now it is back, and we're talking about something close to adds 4 trillion deal. the president is deep in negotiations with boehner and cantor, and here are the terms. you raise the debt ceiling, at the same time there are 3 trillion in cuts, and they deal with social security and medicare. there is no revenue enhancement. however, you get together some kind of commission which what it does, john, it drops tax rates in return for giving away these deductions, exemptions, allowances, breaks, which in effect is pure reaganism. there's one problem with that. there's a
been not a big deal but a small deal, something that would raise the debt limit. whether it's short term or long term. he wants a longer term. the advantage he's gained in public opinion, we saw that from our poll earlier in the week. it's why, by the way, speaker boehner was right when he said in his press conference, this wasn't about personalities, it was about different visions of country. house republicans are not playing politics. it's crazy politics what they're doing and republican leaders think it may hurt the party but it's what they believe and that's why we're at this point. >> john, it's interesting, speaker boehner called his press conference a few minutes after president obama but notably after the markets had already closed. was this intentional? >> reporter: absolutely it was intentional. the speaker was trying to do what he could to minimize the fallout from the collapse of these talks. and that's why there's urgency in meetings today and also on sunday to try to come to some resolution before markets open on monday in the hope that they can avoid a negative reacti
and if not replace it so the system can move properly. >> when it is in hot out, how do you keep cool? >> a big hat and ice cream. looking good. where is your favorite spot to cool down? we want to know. send your photos to "u local" at www.wbaltv.com. >> to washington now where president obama is making another attempt to restart the stalled talks on raising the debt ceiling. house speaker john boehner broke off talks on friday. this morning the president asked boehner and other congressional leaders to meet with him in an effort to find a way to avoid a u.s. default. 11 news washington bureau sally kidd has more. >> i couldn't get a phone call returned. >> president obama announcing a breakdown in debt talks with the house speaker zurg a hastily called news conference. >> the american people are desperate for folks who are willing to put aside politics just for a minute and try to get some stuff done. >> and to get a deal done, the president said he was willing to take a lot of heat from his own party. >> even if i didn't think the deal was perfect, at least it combo -- the deal was perfect, at l
Search Results 0 to 4 of about 5 (some duplicates have been removed)